Walmart, Banking App Forced Delivery Drivers To Pay Millions In 'Junk Fees': CFPB
The agency said that drivers on Walmart's Spark platform couldn't immediately access their earnings without giving the app a cut.
CFPB sues Walmart, Branch Messenger for forcing drivers to use costly deposit accounts
Walmart and a financial tech company are being sued over allegations the retail giant forced drivers to use costly, complicated deposit accounts in order to get paid and raked-in millions in the process.
Walmart illegally opened bank accounts for over 1 million drivers, CFPB alleges
The Consumer Financial Protection Bureau sued Walmart and fintech company Branch Messenger for allegedly forcing more than a million delivery workers to use expensive deposit accounts to access their paychecks,
US government sues Walmart, Branch Messenger over delivery driver 'junk fees'
The U.S. consumer finance watchdog accused Walmart and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees.
CFPB Sues Walmart, Branch Messenger for Pay Practices of ‘Last-Mile’ Drivers
The lawsuit alleges that Walmart deposited drivers’ pay into accounts with payment platform Branch Messenger without the drivers’ consent.
CFPB sues Walmart, fintech partner for illegally opening accounts
The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required those in the Spark Driver program to be paid
Walmart Stock Falls as CFPB Sues Over Pay Practices for Delivery Drivers
Walmart stock fell Monday after the Consumer Financial Protection Bureau said it was suing the retailer and its fintech partner, Branch Messenger, for illegally opening deposit accounts for more than one million delivery drivers.
'Treadmill of debt': Consumer protection head sounds off on credit card companies' practices
Consumer Financial Protection Bureau Director Rohit Chopra tells Yahoo Finance that the high interest rates charged by credit ...
Walmart Forced A Million Workers To Use Bank Accounts With Expensive 'Junk Fees' To Receive Paychecks: Feds
The Consumer Financial Protection Bureau has filed a lawsuit against Walmart and financial services company Branch over employee accounts with expensive fees.
'Rohit Sharma is my No.1': Aakash Chopra reveals his Top 5 T20I batters of 2024
Former India cricketer Aakash Chopra has unveiled his top five T20I batters of 2024, with India's T20 World Cup-winning ...
ConsumerAffairs13d
CFPB's Chopra won't resign prior to Trump's inauguration
The days are dwindling down to a precious few for political appointees in Washington, as the incoming Trump Administration ...
Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...
American Banker1d
CFPB sues Rocket Homes, brokerage over kickback scheme
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for ...
Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
HousingWire13d
CFPB defenders Chopra, Warren advocate for bureau in the new Trump era
Chopra and the agency at large were heavily criticized by committee ranking member Sen. Tim Scott (R-S.C.), who cited a letter he submitted to the bureau last month demanding that the CFPB cease ...
JPMorgan Chase, BofA and Wells Fargo Sued For 'Festering' Fraud On Zelle
Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for ...